Most Americans support higher taxes if it's spent on these 2 things: Poll
Americans aren’t optimistic about where things are headed in the coming months, but they might be willing to pay up to improve things.
Yahoo Finance and Harris Poll recently surveyed Americans about taxes and asked if respondents would support an income tax increase in 2021 — which would likely hit them personally — if the additional funds went to either government services or toward paying down the national debt.
Three-quarters of Americans said they’re either strongly or somewhat in support of higher income taxes if the funds go toward government services. Additionally, 68% are in favor if the money goes toward paying down the national debt, which currently sits at over $27 trillion and could grow fast in the coming years. (Read the full poll results here.)
Both are expected to be pressing needs in the years ahead. Either a Biden administration or a second term from President Trump is expected to balloon the record deficit even further all while additional government support is needed for the struggling economy.
https://finance.yahoo.com/news/most-americans-support-higher-taxes-if-it-goes-to-these-2-things-poll-181050357.html
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